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stuart: candidates prime minister justin trudeau announced tal latoya beutel tariffs on $150 billionf american goods. president trump says he will hold calls today with the leaders of canada and mexico, the wall street journal is calling this the dumbest trade war in history, that was over the weekend, david bahnsen with me the dumbest trade war in history, what is your take on this. >> of all of this goes forward i'm afraid i'm on the journal side i hold out hope that there's a way to build this bakken a few days into it gets harder then the prices go back and forth in a get stickier, i was support of the president street deal in the first term, he says the ripping us off i feel like trump supporters don't realize they're coming down on the trade deal that president trump himself did which was a good trade deal. i'm against this it raises prices, fish just to negotiate for better drug deal support, bordered control were getting past the turn of overturning. stuart: what are the consequences if it drags on my dragon on i need a couple of weeks. >> manufacturing goes down, yes activit

right now justin trudeau is on the phone with donald trump as we understand it.nes. i'm watching every second on my computers. do you have any insight on how this might end at midnight tonight. >> what i'm hoping is, heads prevail, we are so powerful when we stick together, the only country that wins in the bottle is china. let's build a fortress, we have the critical minerals and the energy in the aluminum and the nickel in the uranium and potash. it does not make sense. it's going to create inflation of both countries. you know what happens, inflation and interest rates go up 9 million americans every day wake up in the morning to produce products for ontario alone not to mention the other providence were the number one trading partner, the number one customer as i say export destination to 17 states -- just ontario. his 28 across the entire country but i have to tell you i love the u.s. and i love americans and so did canadians this is absolutely unnecessary. all the costs are going up about countries. there will be layoffs in both countries, this is not worth

then late today, after their second phone call, canadian prime minister justin trudeau promising to appointnyl czar, and implement a plan that trudeau announced weeks ago to reinforce the border. the threat of tariffs and then the threats of retaliation rattled the markets last night and into this morning. "the wall street journal" had called this the dumbest trade war in history. abc's senior political correspondent rachel scott at the white house tonight. >> reporter: tonight, after feverish last-minute talks, a truce in the looming trade war. late tonight, after two phone calls with canadian prime minister justin trudeau, president trump announcing the hefty 25% tariffs he threatened are now on pause, just hours before they were scheduled to go into effect. it came after a morning call with the president of mexico. when trump agreed to pause tariffs on that country's goods, as well. trump's threats sent markets tumbling overnight and into the morning, as economists warned the tariffs would send prices soaring for american consumers and everything from groceries to cars to electronics. >>

on saturday prime minister justin trudeau announced at a press conference that canada will introduce own 25% tariff against the united states, matching earlier in the day. mr trudeau said ottawa's measures will be far—reaching, in a two—part process, to give canadian firms time to adjust. take a listen. together, we've built the most successful economic, military and security partnership the world has ever seen — a relationship that has been the envy of the world. canada has critical minerals, reliable and affordable energy, and secure partnership for the north american economy, and we stand at the ready to work together. prime minister trudeau also outlined some of the american goods that would be affected as part of canada's counter—tariffs. beer, wine and bourbon, fruits and fruitjuices, including orangejuice, along with vegetables, appliances, furniture and sports equipment, and materials like lumber and plastics, along with much, much more. and as part of our response, we are considering, energy, procurement and other partnerships. we will stand strong for canada. by president t

he is running to replace prime minister justin trudeau. thanks for joining us, sir. so trump, president trump said today that canada is, quote, very tough to do business with, unquote. have you heard anything about the phone call between trump and prime minister trudeau that wrapped up just moments ago? well, it wrapped up while i. >> was in the seat, so i haven't heard directly. >> i'll just observe that this. >> is the. >> most. >> successful commercial relationship in the world. >> and the canada is both. >> the largest. >> supplier for. >> the u.s. >> in many of the most. important items your reporters just mentioned some of them, but we're also your largest client. we import more than china, the uk, france. >> japan combined. >> so we are the largest client. >> we have. >> liked that arrangement. we'd like to continue it if we can. you heard the president trump earlier today was complaining about the trade deficit that the u.s. has with canada. well, the deficit is entirely caused. by imports of. canadian oil. we provide 60% of. your imported oil. your refinerie

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canadian prime minister, justin trudeau, says new laws to tackle the threat of child sex abuse images intelligence are to be introduced in the uk. what we are seeing is that al is now putting the online child

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plus, canadian prime minister justin trudeau caught on a hot mic talking about president trump. so what did he have to say about trump's proposal to make canada the 51st state? leading this hour, however, is there anything that elon musk cannot touch when it comes to his efforts to shrink the federal government? president trump was asked that question this afternoon as musk's doge program faces multiple lawsuits for the work it's doing inside different government agencies. let's start with cnn's jeff zeleny at the white house. and, jeff, more on musk in a sec. but we do have some breaking news, as those efforts by trump and musk to shrink the government have hit another roadblock. tell us more. >> jake, we do another afternoon, another court ruling, trying to at least put a temporary pause on the trump administration's effort to reshape and remake the government. we were just learning a few moments ago, a federal judge here in washington has said he will pause the midnight deadline for the usaid employees to be slimmed down to just a few hundred workers. of course, we've had our

." ♪ ♪ it is the art of the trade war, just moments ago, canadian prime minister justin trudeau announcingwith president trump that u.s. tariffs will be paused on canada for at least 30 days. justin trudeau says he "had a good call with president trump and that canada is implementing a $1.3 billion border plan with nearly 10,000 frontline personnel to work on protecting the border." he will also appoint a fentanyl czar and label cartels as terrorists. and president trump reacting says this. "canada has agreed to ensure we have a secure northern border and to end the drugs like manta and all that have been pouring into our country killing hundreds of thousands of americans while destroying their families and communities all across our country." that follows the big win for president trump that pausing 25% tariffs on mexico for one month as well. this is after mexico's president agreed to reinforce the southern border with 10,000 national guard members, extending the throw of illegal drugs. here's president trump earlier. >> is there any chance that canada or china could also deal with mexic

the primary contender to replace justin trudeau is slamming the move. >> this action is utter madness, betrayal of america's closest friend of your allie, your neighbor, your best partner in the whole world. it is an act of economic war fare. >> carley: ceo of canada's second largest company is defending trump saying it works when america wins. here at home trump remains focused on cutting government spending. elon musk spoke about doing away with foreign aid. >> i went over it in detail and he agreed with that we should try to down. i checked with him a new times, are you sure? yes. we are shutting it down. >> brooke: u.s.a. managed 40 billion of appropriations. >> todd: shut down the fentanyl, that's it. >> carley: that's right. brooke singman, thank you. you solved the whole problem, show over. thousands of protesters block a busy freeway in los angeles, look at that. protesters carried signs with phrases including nobody is illegal and viva, mexico. it forced road closures and caused major traffic delays. officers were deployed to try to gain contro

as you know, just tin trudeau said he'd be -- justin trudeau said he'd be retaliating and strongest president and negotiator i know is president trump. liz: it's striking that the far left and u.s. media is fear mongering about trudeau and mexico threatening retaliatory tariffs and what do you make of the coverage here? the fact we have brought down the border crossings in two weeks tells you all you need to know. talking about cheese, and beer and we're talking about children, lives, and the economy. that tells you all you need to know. this is a focused president and we're moving rapidically people are respecting the country. they're trying to fight back and going for something and after the conversation they understand we mean business and most importantly it will be better for them. liz: there's a blue collar boom under president trump and positives tiff territory for january and moving now north ward. can you talk to us about how rapidly china is talking about a trade deal and canada, mexico, columbia, panama and who did i mix? they're all like talking now rapidly and eu. >> they will to

remember, this is a trade agreement that president trump signed himself with the prime minister, justin trudeaunt you to hear now from trudeau and his reaction. >> i don't think there's a lot of americans who wake up in the morning saying, oh,, canada. oh, we should really go after canada we're there as friends, as partners. we always have been. we always will be. yes, we've had our differences in the past, but we've always found a way to get past them as i've said before, if president trump wants to usher in a new golden age for the united states, the better path is to partner with canada, not to punish us. >> that was a clear message to americans that there will be retaliation. about 155 billion cad in total. a little bit of that 30 billion coming on tuesday. the bulk of it coming in three weeks. what will be affected? the list here, things like juice, beer, wine, bourbon, fruit juice, vegetables, perfume, clothing, shoes, furniture you get the picture. all of those things, those imports from canada would now be 25% more expensive for americans. i mean, look, this is a complete reordering of

now, canadian prime minister justin trudeau says canada's retaliatory tariffs will be, quote, far reaching. shortly after president trump's announcement, trudeau announced tariffs against $155 billion worth of american goods. >> in a press conference announcing the measures, he spoke directly to the american people about the impact this would have on everyone's lives. >> this is a choice that, yes, will harm canadians. but beyond that, it will have real consequences for you, the american people, as i have consistently said, tariffs against canada will put your jobs at risk, potentially shutting down american auto assembly plants and other manufacturing facilities. they will raise costs for you, including food at the grocery stores and gas at the pump. >> cnn's paula newton has more on canada's response. paula. >> victor amara, look, this is a country that feels targeted. in fact, a country scorned. you could even say the reaction here has been emotional, visceral, but also very clear headed about how devastating this could actually be for the canadian economy. now remember, this is a trade

he also said he spoke with canada's justin trudeau this morning and will speak to him again this afternoon, raising the possibility that a trade war may be avoided. natalie brand has the very latest from the white house. >>>>from automakers to homebuilders, farmers and restaurants, businesses may be breathing a sigh of relief over news president trump's tariffs on mexican goods have been put on pause. >>>>i'm a little worried just because prices are going to go >>>>up. leonardo gomez says the family owned grocery store he manages in milwaukee relies on products from mexico. >>>>our tomatoes, our avocados, our limes. and i'm just talking about produce. >>>>the trump administration's executive order had threatened 25% tariffs on imports from canada and mexico as part of an effort to curb illegal drugs and immigration. >>>>we may have short term, some little pain and people understand that, but long term, the united states has been ripped off by virtually every country. >>>>but mexico's president said monday tariffs have been paused for a month as the country beefs up border security. canada

call, click or visit an xfinity store today. >> trump is set to speak to justin trudeau. he agreed to delay tariffs on mexico and canada and china still face hefty import tariffs. let's bring in peter navarro. glad to have you back on here. what update can you give us? seems like big news out of mexico. >> we are in a drug war. trump has been -- secretary of state, department of homeland security, and the white house, they are trying to stop the death of americans from sentine. canada thinks we are in a trade war. dramatically provoking the trade war with threats of retaliation. the president will be speaking with prime minister trudeau shortly and what canada needs to understand as it plays a major role in the traffic to the u.s. that is killing americans. it is more than the people who died in the vietnam war as soldiers. what we see in canada is cartels who process the chemicals have also moved up into canada, very active there. one grain of fentanyl is enough to kill an american. that is coming in through small . all of that, we need to solve so americans stop dying.

does this become a template of some way with canadian prime minister justin trudeau, which, by the way, put retaliatory tariffs on u.s. goods and then also saw some local governments remove american spirits from their government run alcohol stores. and then, of course, there's china. it remains to be seen what trajectory and speed of trade talks will be. but there is one thing that some traders are reacting positively to, and that might explain what you're seeing, which is a dow that's almost on the cusp of going positive, chris, that is this idea that negotiations apparently do yield some kind of results. they're modest for the time being, but what it could do is mitigate the idea of a prolonged trade war that could have those lasting detrimental effects to not just the u.s, but the world writ large as well. so as we watch the markets, they are not the end all be all. chris, we know that you and i both know that of what this economy and market could look like, but what they're telling, at least for the time being, is that maybe there could be progress made at some point. we just don't

here is what justin trudeau have to say when he announced 25% retaliatory tariffs on 155 billion dollars imports. >> as president john f. kennedy said many years ago, geography has made us neighbors, history has made us friends, economics has made us partners, and necessity has made us allies. that rang true for many decades prior to president kennedy's time in office, and in the decades since. from the beaches of normandy to the mountains of the korean peninsula, from the fields of flanders to the streets of kandahar, we have fought and died alongside you. christian: we will get reaction from the canadian side later in the program. over on this side, the european union is mourning the u.s. president a block will retaliate if he imposes tariffs on eu goods. german chancellor olaf scholz said the eu was strong enough to react to any u.s. trade levees although the goal he said should be cooperation. overnight, president trump said that u.k. was also out of line on trade but hopes something could be worked out. sir keir starmer has traveled to brussels tonight to be in talks with a reset on

i'm speaking with prime minister justin trudeau tomorrow morning and i'm speaking with mexico tomorrowon't expect anything very dramatic. maria: it won't end there trump says tariffs on the european union are coming that will definitely happen he is taking a softer tone with the united kingdom suggesting they can make a deal first the european union is going to respond firmly to any potential tariff, canada has already responded and unseated 25% retaliation on $155 billion of u.s. exports, mexico is going retaliation with no specifics have been given their how do you see this playing out congressman. >> i think of canada move is to retaliate against united states president trump said he will raise tariffs even more on canada i think at the end the way it's going to put, i think the end game the least was publicly stated as functional and killing over 100,000 americans every single year that has to stop. i've been hawkish especially on mexico they need to stop what were we need to stop it. that sum exits to mexico and canada into china i thought we needed to decouple we are funding the

canadian prime minister justin trudeau imposing 25% tariffs on more than $105 billion of u.s. goods. canadians voicing their displeasure, booing the star-spangled banner at a hockey game. what this could mean for the price of groceries, from avocados to the cost of a new car. abc's senior white house correspondent selina wang leads us off from washington. >> reporter: tonight, the united states on the brink of a trade war that threatens to hurt american consumers and upend the global economy. >> there could be some temporary short term disruption. >> reporter: president trump signing a trio of executive orders imposing 25% tariffs on imports from mexico and canada, with the lower 10% tariff on canadian oil and gas, and 10% tariffs on goods from china. the new measure set to take effect on tuesday could raise prices for americans at the grocery store and the gas pump. trump insists that tariffs are necessary to strengthen the u.s. economy, accusing those countries of allowing undocumented migrants and illegal drugs to enter the u.s. >> china makes the fentanyl, gives it to mexi

canada's prime minister justin trudeau saying moments ago on x president trump's proposed tariffs willfor his country. trudeau rode in part canada is making new commitment to a point a federal sorry, we will ensure 24/7 eyes on the border, launch a canada u.s. joint strike force to criminalize money laundering and fentanyl also... organized crime and fentanyl, we will be back to get with $200 million. we are waiting to see what the white house is about this. keep our eyes on that perhaps a reprieve for canada. >>> meanwhile down at the southern border cartels are reportedly authorizing the use of weaponized drones against borders and ice ages. members being given the green light to open fire on u.s. law enforcement. just one week ago we saw cartel members shoot at cartel agents near the great -- border agents near the rio grande. these brothers were in leadership roles of the 3 billion-dollar enterprise by their teen years. one works with u.s. leaders and law enforcement to educate people on the cartel of. he joins me now he is wearing glasses and a mask for his safety. thank you for b

canada has done the same — with prime minister justin trudeau urging consumers to "choose canadian". warned it will take counter measures, after trump ordered an additional 10% tariff on chinese goods. our correspondent nomia iqbal is looking at reactions — beginning in canada. just hours after donald trump launched a multi—billion dollar trade war with the us's biggest trading partner, canada outlined how it would hit back, with 25% tariffs of its own. like the american tariffs, our response will also be far—reaching and include everyday items such as american beer, wine and bourbon, fruits and fruitjuices, including orange juice. the us tariff is 25% on all products and 10% oil leaving toronto locals furious with president trump. i think it's a crazy idea and i'm surprised he is turning on canada like this. because we were always such good neighbours. but i also think it's going to hurt the us economy because here in ontario we make a lot of auto parts we sell to the us, they make cars. now the cars are going to be more expensive. people would understand it. on social media, mr tru

las conversaciones telefÓnicas que ha mantenido donald trump con sus pares claudia sheinbaum y justin trudeau, esta confirmÓ que se establece una pausa en la imposiciÓn de aranceles por ambas partes. sheinbaum dice que las medidas que iban a entrar en vigor maÑana mismo se ponen en pausa por un mes a partir de ahora. y eso es lo Último. >> las preocupaciones sobre los aranceles del presidente donald trump tambiÉn se notan en wall street. al abrir esta maÑana hubo la caÍda de los Índices de referencia con pÉrdidas mÁs pronunciadas en las grandes tecnolÓgicas. ademÁs, el dÓlar se disparÓ frente a las principales divisas y estÁ cerca de la paridad con el euro. >> en esta guerra comercial, que estÁ por ver si comienza, el impacto de la imposiciÓn de aranceles termina repercutiendo en el consumidor al final, porque se calcula que mÁs del 40% de los productos que habitualmente importa estados unidos de mÉxico, canadÁ y china estarÍan afectados. el aÑo pasado estados unidos le comprÓ a mÉxico casi 10 mil millones de dÓlares en verduras y 11 mil millones de dÓlares en frutas y tambiÉn jugos congelado

phone call, between president trump and the outgoing canadian prime minister justin trudeau. who they are still dealing with as they figure out who the next prime minister will be in canada but trudeau is still in the spot so the clock is ticking down to the beginning of 25% tariffs on canada and 10% on china, the president sang in the next 48 hours or so he expects a call with china as well so mexico at least for now able to avoid a similar measures by striking a deal to help president trump crack down on illegal migrants and drug trafficking at our southern border. watch this. >> there was no blanking, she was a wonderful woman but agreed to 10,000 soldiers on the border and the 10,000 shoulders will keep illegal aliens out or else they will have a big penalty. mexico will be penalized. they won't come to mexico anymore and they won't let the fentanyl come in from china and china hopefully will stop sending fentanyl and if they aren't then the tariffs will go substantially higher. >> martha: in moments, the press secretary caroline levitt but first peter reporting live from

so we are waiting on the second phone call today with justin trudeau and trump. i'm going to guess he calls he calls trump, and when you have been called the potential mayor of the 51st city because you are running things out on her border i don't know how that call will go, but it might sound a lot like mexico's call. we will do what we can and can you delay this by at least 30 days while we talk nice to each other. >> emily: interestingly, kayleigh, justin trudeau is on his way out. this is a lame duck prime minister shipped that he is in. and the biggest concern with his reign was that he was not representing the canadian people that wanted economic to be more in their favor, meaning lower prices and a positive relationship with their southern neighbor, which is us. so to harris' point, we don't know what will be on that phone call, but there's likely a mutual agreement and a mutual goal between the two nations. and i think that a lot of people might be doubting the upperhand president trump has. >> kayleigh: no doubt. here is a fact, the so-called dumbest tra

he didn't expect much from the phone call he will have tomorrow with justin trudeau.anyl coming across the border, we talk about mexico all the time for the president's executive order he pointed out the amount of fentanyl that crossed the northern border last year was o kill 9.5 million people. so that is staggering. and that is why he is doing thisal. also, just from a reporter's standpoint, i feel like we just gon evt an update on everythings working oning . if you have a question, he's got answers for you. just oned di, big thing after another. it didn't take much. >> jason: taught, what struck you what the president said tonight? >> todd: we are waiting on joe biden's update on various issues and trumped as it hourly basis.s , weis c it struck me we like to figure out what is coming next from the trump administration? if i were in south africa or american union would be on something on guard coming out of the white house because he excoriated south african government ands sogove he excore e.u. with phrases for the e.u. like reallliney out of line, atrocity what t

canadian prime minister justin trudeau says he's going to launch retaliatory actions back, putting 25%fs on some $155 billion worth of american goods. president trump in a post on his truth social this morning acknowledged some prices might be going up. i'll read it for you. it says, quote, will there be some pain? yes, maybe and maybe not, but we will make america great again, and it will all be worth the praise that must be paid. here's vice president j.d. vance on "sunday sunday morning futures." >> unfortunately, the retaliation's already happened. the problem with this whole idea that they're going to retaliate is they have already been taking advantage of america for decades. the retaliation is donald trump saying, no more. we're not going to be taken advantage of mihm. anymore. >> reporter: bill clinton's former treasury secretary, lawrence summers, who accurately predicted the inflation spike early in the biden administration posting tariffs are a bullying strategy. bullying doesn't win on the playground or in the national arena. just when inflation is sensitive, it will risk p

justin trudeau criticizing this saying that it will hurt americans and canadians. this is what president trump had to say if you hours ago in the oval office. take a listen. >> what i would like to see is canada become the 51st state. we give them military protection. we don't need them to build our cars. we don't need them for anything. >> there you have it. president trump saying that he wants canada to be the 51st state. i can tell you canadian officials are pushing back hard saying canada will remain a sovereign and independent country. >> thank you. >>> let's get a look now at the impact the tariffs could have on your wallet. our cnbc personal finance correspondent joins us now. politics aside, how exactly will these tariffs work? and why are these costs offloaded to the consumer? >> tariffs or taxes on imports, goods and services from other countries. in fact, the importer is the one that pays for the cost and that tax for those american companies. american companies pass on the higher costs to consumers. >> let's say it goes through the way we think it might

justin trudeau set a 25% tariff on u.s. goods from cosmetics to lumber to plastic. china trade secretary promised c corresponding counter measures. >> here is what americans are going to see, higher prices for energy and groceries. >> it means the average american family have their cost increase by 1200 for one year. call this the donald trump super bowl tax, prices going up. >> jacqui: president admits there may be short-term plane, but it will be worth it in the end. the eu said it would respond. >> steve: democrats effective yesterday putting everybody on the sunday shows talking about americans will pay more for everything. is white house putting anything out to explain why they are a good idea? >> jacqui: not yet. there is plenty of sound from the president himself and this is something he's promised many, many months. >> brian: lindsay graham fighting for it over the weekend. he said i wasn't to reconfigure trade relationships with china and mexico. 10% on china. 10% on energy in canada. he understands that will affect gas prices. fact they are meeting today,

of course, he did that with justin trudeau i think what's going to happen is the tariffs are in placech to china. the tariffs are part of the stick, there's — you know, they got favoured treatment at the inauguration. a little bit, but it should be understood that this is far more than it is about trade. and trump is seeking an opening that tries to advance the geopolitical agenda here that the united states has. well, i think they're marginally negative. perspective, what the united states sees as an opportunity to kind of press an advantage — us economic exceptionalism — and that exceptionalism let's get some of the day's other news now. to scrap its goals to recruit more workers from underrepresented groups.the decision to abandon the diversity, equity, and inclusion — or dei — recruitment targets comes after the company carried the technology giant is also reviewing some of its other dei programmes. while increasing oil and gas production. chief executive anders 0pedal said that the transition to lower carbon energy was moving slower than seoul's industry ministry has temporarily

of yesterday and justin trudeau of canada that seem to a canada that seem to lead to a good could wet xi is expecting that, now the cat is out of the bag this is how donald trump wants to use tariffs as the beginning of a it's you are in quite extraordinary you are in a tradable, you not a serious tradable, you are not expecting to then get on the $2: to77the 77 77 77to77the7h7e7ad7 7 77 77 77to77the7h7e7ad7o7f77 to77the head77of state just something. i7 this is quite 7 7 think this is quite orchestrated by the way donald sees the 7777777s7e7e7s7the7 w7orld, seesthe matqhj a; wa nts to wants to use as a bargaining ships le'hat isatss as some of extraordinary as some of the that are coming up in the items that are coming up in the trade were necessarily trade were not necessarily economic items but 77things like 7 7 7�*7things likethe 7 7 77things like the border, 7 other things like the border, it is as if donald trump sees tariffs as his only tool in the erato 777t°try7777 totryan7d7 7 7 77 to try and c7hange7 to try and c7hange7our tastlsit ts try ah’d'shahgs star ' with tssllsit t

prime minister justin trudeau calling for 25% tariffs on most u.s.ducts, warning there are no winners in a trade war. >> this is a choice that, yes, will harm canadians. but beyond that, it will have real consequences for you, the american people. if president trump wants to usher in a new golden age for the united states, the better path is to partner with canada, not to punish us. >> economists broadly agree these tariffs could mean higher prices for americans on everyday items, like the ones you see here clothing, food, alcohol, sneakers, toys and those higher prices could add up to more than $2,600 a year, according to some economists. president trump himself, acknowledging that economic reality for the first time, writing on truth, social quote will there be some pain? yes, maybe. and maybe not. but we will make america great again and it will all be worth the price that must be paid. cnn's alayna treene joining us now with more details. elena. the president full speed ahead on one of his biggest campaign promises, which was to use tariffs. >> t

on saturday prime minister justin trudeau announced at a press conference that canada will introduce

but he had tougher comments about the prime minister of canada, justin trudeau. he was complaining about some of the regulatory practices in canada and sort of suggesting that we don't need to bring in some of the goods from canada, although i think the housing industry has been pretty clear in their arguments that we do need to bring in a lot of those building materials like lumber. and trump also made clear that really, this is just the beginning of his tariff strategy here, right? i mean, he said that this is just an opening salvo when it comes to china. he said tariffs will go much higher if they need to. he suggested tariffs on the european union as well. and so this is just another reminder of how all of this uncertainty is really just beginning here. right. tariffs are on. they're off. they're dialed up. they're dialed back. and then meanwhile we see the market go all over the place. and consumers and investors ceos are just trying to make sense of all. >> the roller coaster. >> that certainly is matt egan thank you so much for that. we do appreciate it. a

as justin trudeau said this in canada, everybody's saying it.sident admits there will be pain. >> for the first time. he's admitting the reality that you have said, and everyone has said all along. but here's my question. >> go on. please. oh, look. >> there we go. wall street journal calls this the dumbest trade war in history. yeah, but here's the thing. i don't get how there is no measure or metric that has been stated yet of what is progress enough to claw this back, end this, and say all is well now. we no longer are going to remove these tariffs. how does this end if that is not stated? >> well, i think i mean, the president has said that when they see evidence of fentanyl being reduced from canada and mexico, by the way, all 48 pounds of it, right. >> i mean, there's like none coming from canada. >> so then you talk about immigration and then now you're talking about a trade imbalance, which could take months if not years to sort of rebalance. i think it's going to be a pyrrhic victory. it is when canada and or mexico prostrate themselves

justin. >> trudeau? >> today in the oval. >> office, donald trump implied. >> that part of the issue he has with. >> canada is the way they bank. >> banks aren't allowed to do business in canada. canada is very tough. canada is very you know, we're not treated well by canada and we have to be treated well. banks are not, as an example, allowed. did you know that that banks, american banks are not allowed to do business in canada? can you believe that? and that's one of many things. and we talked about it. and i think we'll win most of the subjects. >> he's also. >> saying and. >> he's saying. >> this again and again and again. >> so maybe we should take. him seriously, that. canada needs to be the 51st state. >> what i'd like to see canada become our 51st state. we give them protection. military protection. we don't need them to build our cars. i'd rather see detroit or south carolina or any one of our tennessee, any one of our states build the cars. they could do it very easily. we don't need them for t

maÑana trump sostendrÁ conversaciones con la presidenta claudia sheinbaum y el primer ministro justin trudeauel presidente trump dice que aranceles es su palabra favorita y desde el sÁbado los artÍculos procedentes de mÉxico y canadÁ tendrÁn que pagar un 25% de aranceles y los de china un 10% adicional. [habla en inglÉs] maria: trump amenazÓ desde la campaÑa con mayores aranceles a mÉxico y canadÁ sÍ permiten la entrada de fentanilo y unas drogas a estados unidos. los lÍderes de mÉxico y canadÁ reaccionaron inmediatamente diciendo que esto viola el acuerdo de libre comercio de amÉrica del norte y anunciaron aranceles para los productos estadounidenses. [habla en inglÉs] maria: en el 2024 estados unidos importÓ $ 97.000 millones de petrÓleo y gas desde canadÁ y $ 46.000 millones en productos agrÍcolas desde mÉxico. >> la mayorÍa de la gente de estados unidos va a notar el shock. yo dirÍa desde mÉxico no solamente es frutas sino todo tipo de productos manufacturados, por ejemplo, automÓviles, piezas de automÓviles. maria: tambiÉn pueden aumentar de precio los licores y la gasolina. el president

canadian prime minister justin n trudeau announcing a 25% tariff on roughly $107 billion worth of goodsoing to the u.s., that's ranging from cosmetics and beverages, lumber and plastics. some provinces are taking their own immediate action. ontario is removing american alcohol from its shelves already. here's what trudeau posted to x, he says this, quote, now is the time to choose products made right here in canada, check the labels, let's do our part wherever we can, choose canada. meanwhile, mexican president shinebaum set to announce tariffs today. officials from mexico and canada have reportedly been in touch over the weekend as president trump plans to talk with both of those countries today. counter measures from these countries are coming despite president trump's promise to increase the tariffs if retaliatory action was taken against american goods. seems like an escalation is starting here. back to you. maria: lydia, thanks very much. lydia hu. i want to point out obviously all of the major firms are talking about this this morning as we see a triple digit decline. this is not

it is the arch of the trade war just moments ago, canadian prime minister justin trudeau announcing al with the president trump that u.s. tariffs will be paused on canada for at least 30 days. trudeau said he "had a good cale with president trump and canadai is in them wanting a .3 billion-dollar border plan with nearly 10,00pe0 foreign landrd personnel toer work on protectig the border. he will also a point a fentanyl czar and label cartels asa terroristsha, president trump wreacted, we have a secured northern border and to end theng flow of drugs like fentanyl pouring into our country killing hundreds of thousands of americans while destroying families and communities across our country. falling to the other big win, ump which was at a pausing 25%mt tariffs on mexico for one month, afteresir mexico's president agd to reinforce the southern border with 10,000 national guard members withuard the goal of stemming the flow of illegalexte drugs. here's president trump earliers. >> is there any chance that canada>> and --wi >> president trumpth: i cannot tell you what is going to happen .

line here that|g. phone call between trump and call between donald trump and justin is under so justin trudeaunews coming out of that phone call 77 �* there 77 �*there might be a and whether there mtghtlafe? a f ’” ” ’ those canadian tariffs pause on those canadian tariffs but no sign the moment at least. around the world and across the uk, this earls and ages; the hf m5 bbc seeds and sires; the hf this bbc news. the first foreign leader to meet with donald trump, when he visits the white house tomorrow. he is already in washington meeting that leaves 79 still unaccounted for, although only 44 are believed to be still alive, according to israel. there are emotional reunions on the other side too. these 30?year? old twin brothers have been reunited in gaza after 15 months of separation and destruction. the pair ? from northern gaza ? were split up early in the conflict, one brother travelling before leaving israel, mr netanyahu gave us some idea president trump on tuesday. facing israel am facing israel and our nation. victory over facing israel and our nation. with ry over facing israel and ou

canada's prime minister, justin trudeau, said his against washington. four people have been killed in a drone attack on a boarding school in ukrainian—occupied russia the grammys are being held in la on sunday evening. in grammy history. hello and welcome to talking business with me, mark lobel. let's have a look at what's on the show. states, where does that leave the renewables industry i'll be finding out from the managing director of commodity strategy at rbc capital markets, and is now the chairman at beyond net zero, is the second trump presidency a bump in the road wherever you'rejoining us from in the world, a very warm welcome to the show. on day one of his second presidency, donald trump pulled the next item here is the withdrawal from the paris climate treaty. by withdrawing from that treaty. the paris climate agreement. it was signed by barack obama in 2015. it legally binds almost 200 countries to limit global warming. from the agreement. the agreement on his first day in office in 2021. united states out. and in yet another twist in this t

plus president trump reportedly speaking with justin trudeau the. current prime minister of canada, a little bit later on today kelly there's a lot hanging in the balance. >> it reportedly in an hour. however, you say that in french, the s&p 500 down 606. no i'm sorry. okay okay okay. let me back up. the s&p was down more than 100 points at the lows. the dow was down 665. but the dow is down 30 points at the moment. it's basically fractionally lower more pressure across the nasdaq. we were just talking about some of the chip names there. we're also watching the dollar shooting higher today in general. dollar index hitting about 110. it still remains up these days. these charts brian always give me a headache. but there you see it versus the mexican peso. >> maybe this is a good time to go to canada or mexico on a vacation. who knows. >> all right. >> the tariffs are still stuck on canadian products like lumber and oil. but more oil stocks are higher right now. and maybe the market ends overall today higher. we're going to talk about all of that comi

the president now expected to have a call with canadian prime minister justin trudeau. those countries have said that they are planning to retaliate if tariffs from the u.s. are imposed. now, that means concerns of a trade war, and that would certainly impact u.s. companies products, consumer prices and jobs. that uncertainty and contentious interactions sent stocks down right when the opening bell rang this morning a huge selloff. but they are coming back with this, these new developments, they did trigger a bounce back for some of the earlier losses. before we get to the numbers though, by the way, that is m and t bank based in new york celebrating black history month at the opening bell ceremony. they have branches along the east coast, and the bank is honoring some of the black employees and executives there. now, as we take a live look at the numbers, the dow jones has come back quite a bit. dropped about 650 points on the opening 550, i think it was now down just about 50. the s&p 500 also down just about a half of a percent at this point, hanging on to 6000. the

justin trudeau, the prime minister announcing that they have decided on border security plan, 10,000line personne and equipment to ensure 24 slavin eyes on the border as cartels join strikeforce comman combat organized crime and mone laundering of wind of fentanyl' are and they have 30 days to talk about negotiating what the want to do going forward with the u.s. potentially issuing terror of spirit back to our lead story. let's get perspective on today' back-and-forth from canadian ambassador to the united nation bob ray. thank you for the time. what you make of this today and this 30 day pause and what you're prime minister has agree to do and what may happen next? >> we have been talking with th administration for quite some time about the border measures that we need to take. that we need to take together. we all take the drug issue seriously. let's not use the tariffs to do it because the terrorists upset markets, absent appointments, upset jobs on both sides of the border. they're no such thing as a american car or a canadian car, for the most part, the big thre make their cars

deals with both canada and members to pause his 25% tariffs for 30 days, canada prime minister justin trudeaued he to send upwards of 10,000 troops each to secure america borders northern and southern trudeau pledging to trifentanyl czar, and will liz the drug cartels as terrorist organizations trump hinting european union could face tariffs next, watch. >> we have massive deficits with european union massive. like 350 billion dollars if you can believe it they don't cake our farm product adopt take our cars they don't cake our most anything but we will take their cars we have millions of cars coming in we adopt charge them tariffs they make it impossible to sell cars in the european union, they make it very difficult -- they don't take it a lot of excuses. >> joining me now white house senior counsel trade manufacturing he peter navarro great to see you welcome back to the program. >> it has been too long, and i saw just a few minutes ago, marco rubio, el salvador i am so impressed with secretary of state rubio doing a great job, good to be back i know you want to talk about tariffs, and we'

the agreement with mexico to put 10,000 troops on the boarder and with canada talking to justin trudeau talking to him this morning and the talk with china that says they want to talk to the u.s. sounds like it's leverage. it's a club. they want -- he wants something from them and they'll talk about getting them and it's not about a permanent level of tariffs. t. charles: other side to that and reading between the lines of this post, there'll be a golden age of america. you know, we know the golden ages had tariffs involved for long periods of time. not just negotiations and it was a different country, 1896 or even 1922. nevertheless there seems to be a part of president trump with the external revenue service and those other things that we'd like to move away from the tax system that we have and maybe tariffs could fill some of that void. >> i think that that's right. he's also suggesting that if you want to bring business to the united states, he'll give you a good insent evansville to do it -- incentive to do it, but he's trying to project u.s. business into foreign countries. for in

the president also just spoke with canadian prime minister justin trudeau and will talk with him again today in a few hours. senior white house correspondent peter doocy. a lot of movement today. >> we found out how much it costs to get rid of a 25% tariff for a month. the cost is 10,000 mexican troops and president trump himself just went live confirming this. he is saying i just spoke with president claudia sheinbaum of mexico. she have agreed to mowedly supply 10,000 mexican soldiers on the border. these soldiers will designated to stop the flow of fentanyl and illegal migrants into our country. agreed to immediately pause the anticipated tariff for one month during which we will have negotiations headed by secretary of state marco rubio, treasury secretary scott bessent and howard lutnick and high level representatives from mexico. i look forward to achieving a deal between our two countries. the president deployed some of his economic advisors to shows this morning to explain it wasn't about punishing consumers. it was about something else. >> president trump was absolutely 100% c